Stock Trend Analysis Report
Prepared for you on Wednesday, March 29, 2017.
MELCOR DEVELOPMENTS LTD (TSE:MRD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MRD
The long term trend has been UP since Dec 29th, 2016 at 14.47
The intermediate term trend has been UP since Feb 8th, 2017 at 14.74
The short term trend has been UP since Mar 16th, 2017 at 15.57
Smart Scan Analysis for MRD
Based on a pre-defined weighted trend formula for chart analysis, MRD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||16.44||Year High Date||2017-03-28|
|Year Low||13.8||Year Low Date||2017-02-06|
|52wk High||16.44||52wk High Date||2017-03-28|
|52wk Low||12.16||52wk Low Date||2016-11-17|
|Year End Close||15.75||Average Volume||3,796|